Bite- Indian defence FDI

Australia keen to investment in defence, mining sector in India

With the Indian government planning to allow 100 per cent FDI in defence, Australia on Friday said it is keen on exploring investment opportunities in the sector. 

The lone voice favouring a majority foreign stake in defence

First-generation entrepreneur Nikhil Gandhi is known to go off the beaten track quite often: He set up India's first private railway track, the first private port in Gujarat and the first Special Economic Zone (SEZ) in Maharashtra. He is now making news for taking on the big boys of India Inc, such as Larsen & Toubro and Bharat Forge, on the issue of allowing foreign direct investment (FDI) in the defence sector.

51% FDI in defence will be a game changer for India: Source

Raising foreign direct investment cap to at least 51% in the defence sector will help India become a major manufacturing and export hub, reducing dependency on imported equipment.